EconPapers    
Economics at your fingertips  
 

The market for scoops: a dynamic approach

Ascension Andina-Diaz, José A. García-Martínez () and Antonio Parravano ()
Additional contact information
José A. García-Martínez: Universidad Miguel Hernández
Antonio Parravano: Universidad de Los Andes

SERIEs: Journal of the Spanish Economic Association, 2019, vol. 10, issue 2, No 5, 175-206

Abstract: Abstract We present a dynamic model of competition in the media industry in which behavioral media outlets compete for the publication of scoops, and both the publication of scoops and their veracity determine an outlet’s future audience. We study the dynamics of the audiences of outlets and how those dynamics relate to two issues: how harsh a society is with the publication of false stories, and how similar media outlets are in their editorial standards for quality. For the case of a duopoly, we show that there is only one stable stationary state. In that equilibrium, the two outlets coexist and which one leads the market (the low-standard outlet or the high-standard outlet) depends on a combination of the two issues mentioned above. We then use numerical simulations to analyze the general case with more than two outlets. The numerical results corroborate most of the analytical insights gained for the duopoly case. We also use numerical simulations to draw up predictions on the number of outlets that will survive in the industry in the long run.

Keywords: Media industry; Competition; Editorial standard; Stochastic dynamics; Deterministic dynamics (search for similar items in EconPapers)
JEL-codes: D25 L10 L82 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://link.springer.com/10.1007/s13209-019-0191-y Abstract (text/html)

Related works:
Working Paper: The market for scoops: A dynamic approach (2017) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:series:v:10:y:2019:i:2:d:10.1007_s13209-019-0191-y

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13209

DOI: 10.1007/s13209-019-0191-y

Access Statistics for this article

SERIEs: Journal of the Spanish Economic Association is currently edited by Nezih Guner

More articles in SERIEs: Journal of the Spanish Economic Association from Springer, Spanish Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-20
Handle: RePEc:spr:series:v:10:y:2019:i:2:d:10.1007_s13209-019-0191-y